EBES 2011 CONFERENCE - ZAGREB CONFERENCE PROGRAM
OCTOBER 13-15, 2011 UNIVERSITY OF ZAGREB ZAGREB, CROATIA
HOSTED BY
SPONSORED BY
the President of the Republic of Croatia
&
Central Bank of the Republic of Turkey Istanbul Economic Research Association
EBES 2011 Conference Program October 13-15, 2011, Zagreb, Croatia
THURSDAY, OCTOBER 13 (DAY 1)
REGISTRATION: 08:00 - 08:30
OPENING SPEECH: 08:30 - 09:00 Room: 3
Hakan Danis, President, EBES and Senior Economist, BBVA Compass Bank, USA
Tonci Lazibat, Dean, Faculty of Economics and Business, University of Zagreb, Croatia
Boris Cota, University of Zagreb, Croatia and Chancellor of the President of the Republic of Croatia
SESSION I: 09:00 - 10:40
GROWTH AND DEVELOPMENT I Room: 51 Chair: Paulo Jorge Reis Mourao
Economic Growth Change and Poverty in Thailand during the Last Four Decades Sopin Jirakiattikul, Prince of Songkla University, Thailand
Environment and Economic Development Interaction: The Case of Turkey Selahattin Bekmez, Adiyaman University, Turkey and Ferda Nakipoglu, University of Gaziantep, Turkey
Institutional and Cultural Premises for the Development of Mutual Funds: A Panel-Data Analysis Tulbure Narcis, University of Pittsburgh (SUA) and Bucharest University of Economic Studies, Romania; Dragota Ingrid-Mihaela, Bucharest University of Economic Studies, Romania; and Catarama Delia, Bucharest University of Economic Studies, Romania
Resources, Institutions, and Technologies: Game Modeling of Dual Relations Vladimir Matveenko, Russian Academy of Sciences, Russia
Sustainable Growth Possibility in Deflationary Economic Culture Mindaugas Dapkus, Vytautas Magnus University, Lithuania and Violeta Pukeliene, Vytautas Magnus University, Lithuania
FINANCIAL CRISIS Room: 52 Chair: Irina Ivashkovskaya
The Middle East and North Africa Oil Exporters after the Global Crisis Naci Yilmaz, Is Bankasi, Turkey and Bora Selcuk, Kadir Has University, Turkey
The Financial Crisis and Changing Diversification Potential of Emerging Capital Markets Alexandra Horobet, Academy of Economic Studies Bucharest, Romania; Alina Draghici, Academy of Economic Studies Bucharest, Romania; and Laura-Gabriela Constantin, Academy of Economic Studies Bucharest, Romania
Macroeconomic Policies for Slovenia in the “Great Recession” Reinhard Neck, Klagenfurt University, Austria; Dmitri Blueschke, Klagenfurt University, Austria; and Klaus Weyerstrass, Institute for Advanced Studies, Austria
Fiscal Rule(s) in Times of Global Crisis: The Remedy or an Illusion? Sinan Sonmez, Atilim University, Turkey
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EBES 2011 Conference Program October 13-15, 2011, Zagreb, Croatia
Capital Flow Reversals During a Financial Crisis: Does the Pre-Crisis Composition Matter? Tomislav Globan, University of Zagreb, Croatia
MONETARY ECONOMICS / INFLATION Room: 53 Chair: Sagi Akron
Banking Tax in a Financial Accelerator Model: Some Lessons for the Euro Area Cristina Badarau, University Montesquieu Bordeaux IV, France and Andreea Semenescu, Bucharest Academy of Economic Studies, Romania
Monetary Policy and Credit Cycles: A DSGE Analysis Cristina Badarau, University Montesquieu Bordeaux IV, France and Alexandra Popescu, University of Orleans, France
The Importance of Euro as a Currency and the Euroization in Macedonia Ylber Sela, South East European University, Macedonia; Jeta Hani, South East European University, Macedonia; and Kadishe Limani, South East European University, Macedonia
Core Inflation in Croatia: VAR Approach Ivan Zilic, The Institute of Economics, Croatia
Inflation Targeting in Developing Economies: Have They Overcome the Challenges? Sakshi Tomar, NSIT, Delhi University, India
COFFEE BREAK: 10:40 - 10:50
SESSION II: 10:50 - 12:30
EDUCATION Room: 51 Chair: Alka Obadic
Equal Access to Education: An Evaluation of the Roma Teaching Assistant Programme in Serbia Marianna Battaglia, Bocconi University, Italy and Lara Lebedinski, Bocconi University, Italy
Graduates Labour Market Outcomes: Evidence from Southern Italy Rosetta Lombardo, University of Calabria, Italy and Giovanni Passarelli, University of Calabria, Italy
Pareto Improvements Reached through Knowledge Society Petr Wawrosz, University of Finance and Administration, Czech Republic and Herbert Heissler, University of Finance and Administration, Czech Republic
The Effects of Economic Geography on Education in Romania Jesus Lopez Rodriguez, Universidad de La Coruna, Spain; Andres Faina, Universidad de La Coruna, Spain; and Cosmin -Gabriel Bolea, Universidad de La Coruna, Spain
University Efficiency and Public Funding for Higher Education in Bulgaria Kiril Tochkov, Texas Christian University, USA; Nikolay Nenovsky, Universite d'Orleans, USA; and Karin Tochkov, Texas A&M University Commerce, USA
GROWTH AND DEVELOPMENT II Room: 52 Chair: Sinan Sonmez
Women Out, Children Out – The Effect of Female Labor on Portuguese Preschool Enrollment Rates Paulo Jorge Reis Mourao, University of Minho, Portugal
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EBES 2011 Conference Program October 13-15, 2011, Zagreb, Croatia
Assessing Human Development Performance of the Transitional Economies Hakan Mihci, Hacettepe University, Turkey
Firms' Growth and the Dynamics of the Economy in the EU: What is the Role of Research and Innovation Policy? Pietro Moncada-Paterno-Castello, European Commission, Spain and Michele Cincera, Université Libre de Bruxelles, Belgium
Potential of Ural Region in Euroasian Transport Infrastructure Elena Loseva, Institute of Economics of RAS Ural Branch, Russia
Women Indicators of Economic Development: A Panel Data Approach Sebnem Er, Istanbul University, Turkey
BANKING & FINANCE Room: 53 Chair: Marco Tronzano
Latvia’s Banking Sector as a Part of Global Financial Environment Ramona Rupeika-Apoga, University of Latvia, Latvia
Supervision Credit Risk Measures in the Time of Crisis: The Case of Macedonia Evica Delova-Jolevska, University American College, Macedonia and Ilija Andovski, University American College, Macedonia
Impact Analysis of Factors Influencing Bank Capital Adequacy Marina Kudinska, University of Latvia, Latvia and Natalia Konovalova, Riga International School of Economics and Business Administration, Latvia
To Save or to Borrow? What Determines the Russian Households’ Financial Strategies? Maria Semenova, Centre for Institutional Studies, National Research University, Russia
Financial Architecture and Bank Performance: Comparative Analysis of Emerging and Developed Markets Irina Ivashkovskaya, National Research University, Russia; Anastasia Stepanova, National Research University, Russia; and Olga Ivantsova, National Research University, Russia
LUNCH: 12:30 - 13:30
KEYNOTE SPEAKER: 13:30 - 14:00 Room: 3
Contemporary Marketing Practices - US and China Compared Wesley J. Johnston, Georgia State University, USA
SESSION III: 14:15 - 16.15
ACCOUNTING / AUDIT Room: 51 Chair: Can Tansel Kaya
Towards Full Costing Method in University of Zagreb Sanja Broz Tominac, Faculty for Economics and Business, Croatia; Ivana Drazic Lutilsky, Faculty of Economics and Business, Croatia; and Martina Dragija, Faculty of Economics and Business, Croatia
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EBES 2011 Conference Program October 13-15, 2011, Zagreb, Croatia
Formats for Primary Financial Statements of City Council: An International Comparison Guido Migliaccio, University of Sannio, Italy
The Impact of IFRS Adoption on Public Sector Financial Statements Nives Botica Redmayne, Massey University, New Zealand; Fawzi Laswad, Massey University, New Zealand; and Kathryn Trewavas, Massey University, New Zealand
Fair Value vs. Historical Cost: Which is Actually More Fair? Can Tansel Kaya, Yeditepe University, Turkey
The Efficiency of Italian Bankruptcy Procedures Marco Bisogno, University of Salerno, Italy
Voluntary Adoption of International Financial Reporting Standards by the Italian Private Firms: A Study of the Determinant Gaetano Matonti, University of Salerno, Italy and Guiseppe Iuliano, University of Salerno, Italy
EMPIRICAL STUDIES ON EMERGING ECONOMIES Room: 52 Chair: Ali Haluk Erlat
The Sustainability of Indian Fiscal Policy: A Reassessment of the Empirical Evidence Marco Tronzano, University of Genoa, Italy
Investigating the Existence of Philips Loops: Empirical Evidence from Turkish Economy Can Tansel Tugcu, Nevsehir University, Turkey and Mert Topcu, Nevsehir University, Turkey
Household Private Pension and Life Insurances Demand: A Multinomial Logit Model for Romania Dragota Ingrid-Mihaela, Bucharest University of Economic Studies, Romania; Ileanu Bogdan, Bucharest University of Economic Studies, Romania; and Pele Dan Traian, Bucharest University of Economic Studies, Romania
“Learning-by-exporting” Innovation Effects for Russian Manufacturing Firms: Evidence from Panel Data Victoria Golikova, Higher School of Economics, Russia; Ksenia Gonchar, Higher School of Economics, Russia; and Boris Kuznetsov, Higher School of Economics, Russia
Spatial Determinants of Innovative Productivity in Turkish Manufacturing Industry Pinar Falcioglu, Isik University, Turkey
The Box-Jenkins Approach in Forecasting Total Energy Consumption in Croatia – Direct and Indirect Method Mirjana Cizmesija, University of Zagreb, Croatia and Jelena Knezovic, University of Zagreb, Croatia
POLITICAL ECONOMY Room: 53 Chair: Dmitri Blueschke
Looking Thailand’s Socio-Economic Growth Change through the Lens of Social Exclusion Sopin Jirakiattikul, Prince of Songkla University, Thailand
“War on Terrorism”: An Unmatched “Spatial Fix” in the Course of the Dual Crisis of Capitalism and Hegemony Ekin Oyan Altuntas, Abant Izzet Baysal University, Turkey
South African Trade, Is the Trade, Development and Cooperation Agreement with the EU Heading for a BRIC Wall? Henri Bezuidenhout, North-West University, South Africa
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EBES 2011 Conference Program October 13-15, 2011, Zagreb, Croatia
Economic Solutions to Political Problems in the North Caucasus George Laurentiu Serban Oprescu, ASE Bucharest, Romania; Grigore Pirosca, ASE Bucharest, Romania; and Teodora Serban-Oprescu, ASE Bucharest, Romania
Comparative Analysis of Utilization of Pre-Accession Funds in Croatia and Poland Alka Obadic, University of Zagreb, Croatia and Jelena Goricanec, University of Zagreb, Croatia
WELCOME RECEPTION: 17: 00 - 18:00
Sponsored by the University of Zagreb
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EBES 2011 Conference Program October 13-15, 2011, Zagreb, Croatia
FRIDAY, OCTOBER 14 (DAY 2)
REGISTRATION: 08:30 - 09:00
SESSION I: 09:00 - 10:20
RISK MANAGEMENT & FINANCE Room: 51 Chair: Ranadeva Jayasekera
An Operational Risk Profile: The Experience of British Firms Imad Moosa, RMIT, Australia and Larry Li, RMIT, Australia
Comparison of Corporate Credit Ratings in Developing Markets Alexander Karminsky, Higher School of Economics, Russia and Vladimir Sosyurko, Higher School of Economics, Russia
Modeling Sovereign Ratings: Estimators, Models, Forecasting Alexander Karminsky, Higher School of Economics, Russia; Vadim Kiselev, Higher School of Economics, Russia; and Alexander Kolesnichenko, Higher School of Economics, Russia
Enterprise Risk Management within Facility Management Alexander Redlein, Vienna University of Technology, Austria
FDI Room: 52 Chair: Mindaugas Dapkus
Chinese Foreign Direct Investment in Africa: Making Sense of a New Economic Reality Henri Bezuidenhout, North-West University, South Africa; Carike Claassen, North-West University, South Africa; and Elsabe Loots, North-West University, South Africa
Foreign Direct Investment in The Visegrad Group Countries: Does It Crowd In or Out Domestic Investment? Zuzana Gallova, Silesian University in Opava, Czech Republic
Stock Market and Foreign Direct Investment Relationship in Croatia: Evidence from Cointegration Analysis Vladimir Arcabic, University of Zagreb, Croatia; Tomislav Globan, University of Zagreb, Croatia; and Irena Raguz, University of Zagreb, Croatia
The Determinants of FDI Spillovers in the Russian Economy: The Implications for National Firm Effectiveness Sergey Kadochnikov, Ural Federal University, Russia and Anna Fedyunina, Ural Federal University, Russia
INTERNATIONAL ECONOMICS / TRADE Room: 53 Chair: Ali M. Kutan
Intensive and Extensive Margins: The Case of Turkey and its Competitors in the EU Market Guzin Erlat, Middle East Technical University, Turkey and Seda Ekmen, Middle East Technical University, Turkey
Oil Prices as a Determinant of Real Exchange Rates. Long-Run and Short-Run Analysis in African Economies Simeon Coleman, Nottingham Trent University, United Kingdom; Juan Carlos Cuestas, University of Sheffield, United Kingdom; and Estefania Espasandin, Universidade da Coruña, Spain
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EBES 2011 Conference Program October 13-15, 2011, Zagreb, Croatia
Transaction Costs in International Armaments Cooperation Vladan Holcner, University of Defence, Czech Republic
The Smooth Adjustment Hypothesis and Changes in Turkish Trade Ali Haluk Erlat, Middle East Technical University, Turkey and Guzin Erlat, Middle East Technical University, Turkey
“Self-selection” and “Path Dependence” Evidence for Russian Exporting Manufacturing Firms Boris Kuznetsov, Higher School of Economics, Russia; Victoria Golikova, Higher School of Economics, Russia; and Ksenia Gonchar, Higher School of Economics, Russia
COFFEE BREAK: 10:20 - 10:30
SESSION II: 10:30 - 12.30
CORPORATE GOVERNANCE Room: 51 Chair: Imad Moosa
Does Stakeholder Approach Matter for Corporate Governance in Emerging Capital Markets? Irina Ivashkovskaya, Higher School of Economics – Moscow, Russia and Irina Dolmatova, International University in Moscow, Russia
Corporate Governance and Aggregate Disclosure: The Case of Jordan Bilal Fayiz Omar, University of Petra, Jordan
Impact of Board Characteristics and Ownership Structure on Voluntary Disclosure: Evidence from Turkey Arman Aziz Karagul, Anadolu University, Turkey and Nazli Kepce Yonet, Istanbul University, Turkey
Social Europe: How to Connect with the European Union on Social Media Alptekin Erkollar, ETCOP, Austria and Birgit Oberer, Kadir Has University, Turkey
Ownership Structure Effect on Firm Performance: Evidence from an Emerging Market Nazli Akman, Bilkent University, Turkey; Can Simga-Mugan, Middle East Technical University, Turkey and Orhan Akisik, University of Massachusetts Amherst, USA
Financial Transparency and Disclosure in an Emerging Capital Market: Evidence from the Istanbul Stock Exchange (ISE) Nalan Altintas, Istanbul University, Turkey and Ayca Suer, Istanbul University, Turkey
MANAGEMENT / HUMAN RESOURCES Room: 52 Chair: Kamel Rouibah
Social Networking Media: An Approach for the Teaching and Practice of International Business Casimir Barczyk, Purdue University Calumet, USA and Doris Duncan, California State University -East Bay, USA
Healthcare Authorities: Between Functional Integration and Clinical Governance. The Economic- Business Aspect and Managerial Determinants of Clinical Practice Ubaldo Comite, University of Calabria, Italy
Environmental Scanning and Early Warning Systems: Empirical Evidence from Croatia Davor Labas, University of Zagreb, Croatia
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EBES 2011 Conference Program October 13-15, 2011, Zagreb, Croatia
Controlling of Human Resource Management Activities – Methods Used, Clusters of Practice and Trends in Croatian Organizations Nina Poloski Vokic, University of Zagreb, Croatia
Influence of Organizational Climate on Job Satisfaction in B&H Companies Zijada Rahimic, School of Economics and Business Sarajevo, Bosnia and Herzegovina
Mobbing in the Academ: The Case of Albanian Universities Migena Buka, Tirana University, Albania
Fiscal Decentralization, Governance and Accountability Distorsions in the Italian Local Government Paolo Esposito, University of Sannio, Italy
FINANCE I Room: 53 Chair: Hakan Danis
Shareholder Value Creation in Russian M&As Svetlana Grigorieva, National Research University, Russia and Irina Ivashkovskaya, National Research University, Russia
Financial Flexibility and the Theory of Capital Structure Ranadeva Jayasekera, University of Southampton, United Kingdom
Uncertainty and Capital Structure Choice on Emergent Markets: The Romanian Case Marilen Pirtea, West University of Timisoara, Romania; Bogdan Dima, West University of Timisoara, Romania; Claudiu Botoc, West University of Timisoara, Romania; and Cecilia Anis, West University of Timisoara, Romania
Investigating the Connection between Financial and Capital Market Performance in Romania: The Financial Crisis Relevance Alexandra Horobet, Academy of Economic Studies Bucharest, Romania; Iulia Lupu, Romanian Academy of Sciences, Romania; and Dan Gabriel Dumitrescu, Academy of Economic Studies Bucharest, Romania
Empirical Testing of the Capital Asset Pricing Model (CAPM) - The Case of the Macedonian Stock Exchange Viktorija Atanasovska, Staffordshire University, United Kingdom
IPO Return in Emerging Markets Dmitry Kokorev, National Research University, Russia
LUNCH: 12:30 - 13:20
BEST PAPER AWARD CEREMONY: 13:20 - 13:30 Room: 3
KEYNOTE SPEAKER: 13:30 - 14:00 Room: 3
Globalization, the IMF, and Financial Markets Ali M. Kutan, Southern Illinois University at Edwardsville, USA
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EBES 2011 Conference Program October 13-15, 2011, Zagreb, Croatia
SESSION III: 14:15 - 16:00
INVESTMENTS I Room: 51 Chair: Cristina Badarau
Forecasting the Daily Dynamic Hedge Ratios in Emerging Stock Futures Markets: Evidence from the GARCH Models Taufiq Choudhry, University of Southampton, United Kingdom and Mohammad Hassan, University of Kent, United Kingdom
Hedging with Aluminum Futures: International Evidence with Return and Volatility Spillover Index under Structural Breaks Chi Keung Marco Lau, Zirve University, Turkey and Mehmet Huseyin Bilgin, Istanbul Medeniyet University, Turkey
Is There an Impact of Stock Exchange Consolidation on Volatility of Market Returns? Ekaterina Dorodnykh, University of Rome Tor Vergata, Italy and Abdelmoneim Youssef, University of Rome Tor Vergata, Italy
A Dynamic Measurement of the Emerging European Stock Market Integration Petre Caraiani, Romanian Academy of Science, Romania and Radu Lupu, Academy of Economic Studies, Romania
Cluster Analysis of Corporate Financial Architecture in Emerging Markets Maria Kokoreva, National Research University, Russia and Anastasia Stepanova, National Research University, Russia
Romanian Government Bond Market Cornelia Pop, Babes-Bolyai University, Romania; Iustin Pop, Babes-Bolyai University, Romania; and Andrada Maria Georgescu, National School of Political Studies and Public Administration, Romania
MARKETING I Room: 52 Chair: Wesley J. Johnston
An Empirical Study in Prefabricated House Industry in Turkey Fahri Apaydin, Yalova University, Turkey and Volkan Polat, Yalova University, Turkey
Control Theoretic Approach to Product Pricing for Retailing Companies Mustafa Akan, Halic University, Turkey
The Croatian Students' Attitude towards On-line Shopping - Perception and Expectations of New Generation Shoppers Blazenka Knezevic, University of Zagreb, Croatia; Ivan Strugar, University of Zagreb, Croatia; and Bozidar Jakovic, University of Zagreb, Croatia
Transformations in Global Supply Chains and Global Retailers Anna Evtyugina, Institute of Economics RAS, Russia
Internal and External Factors Influencing Consumers in Relation to Their Gender Jana Aleksic, Pan-European University Bosnia and Herzegovina; Milanka Aleksic, Pan-European University Bosnia and Herzegovina; and Velibor Srdic, Pan-European University Bosnia and Herzegovina
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EBES 2011 Conference Program October 13-15, 2011, Zagreb, Croatia
INDUSTRIAL ECONOMICS Room: 53 Chair: Phornchanok Cumperayot
A Critical Review of Liberalisation and Regulation Process of Electronic Communications Market in Slovenia after Joining the EU Matej Svigelj, University of Ljubljana, Slovenia
An Economic Assessment of Merger Control in Russia: 2005-2010 Anastasiya Redkina, National Research University, “Higher School of Economics”, Perm, Russia
Asset Management and Its Role in Croatian Company Ljiljana Katicic, HDO-Croatian Assotiation for Maintenance, Croatia and Zeljko Lovrincevic, Ekonomski Institut Zagreb, Croatia
Pricing and Quality in a New Product Monopoly with Truncated Demand Patrick Scholten, Bentley University, USA and Aaron L. Jackson, Bentley University, USA
Business Process Re-engineering Using New Information Technology: The Case of RFID Adoption for Livestock in Kuwait Kamel Rouibah, College of Business Administration, Kuwait and Abdulaziz Mohamed Ateeqi, Public Authority of Agriculture Affairs and Fish Resources, Kuwait
A Conceptual Model on Innovative Networks and Novelty of Innovation Structural and Organizational Issues Yasin Rofcanin, Istanbul Bogazici University, Turkey and Mine Afacan, Istanbul University, Turkey
CITY TOUR: 17:00 - 19:00
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EBES 2011 Conference Program October 13-15, 2011, Zagreb, Croatia
SATURDAY, OCTOBER 15 (DAY 3)
REGISTRATION: 08:30 - 09:00
SESSION I: 09:00 - 10:20
LABOR ECONOMICS Room: 51 Chair: Vladimir Matveenko
Flexicurity Policies and Their Effects on Productivity: Empirical Analysis of the EU Countries Suzana Laporsek, University of Primorska, Slovenia and Primoz Dolenc, University of Primorska, Slovenia
Life Satisfaction and Informal Employment in Russia Andrey Aistov, Higher School of Economics, Russia and Lyudmila Leonova, Higher School of Economics - Nizhny Novrorod, Russia
Long-Term Unemployment in the Czech Republic Tomas Pavelka, University of Economics, Czech Republic
When Does It Pay to Work in the Public Sector? Terhi Maczulskij, University of Jyvaskyla, Finland and Jaakko Pehkonen, University of Jyvaskyla, Finland
BANKING Room: 52 Chair: Tonci Lazibat
Using Differentiated Approach to Countercyclical Capital Buffer Evaluation Fuad Aleskerov, Higher School of Economics, Russia; Alexander Kornev, Higher School of Economics, Russia; and Henry I. Penikas, Higher School of Economics, Russia
Banking Efficiency in Ukraine: Foreign-Owned versus Domestically-Owned Banks Dmytro Sharaievskyi, Kyiv National Economic University, Ukraine
Features of Bankinsurance in the Russian Financial Market Julia Tarasova, HSE – St. Petersburg, Russia
Financial Crisis and the Banking Sector in Bosnia and Herzegovina: Impact of the Crisis and New Challenges Branka Topic-Pavkovic, NLB Razvojna Banka, Bosnia and Herzegovina and Tajana Serdar, University of Banja Luka, Bosnia and Herzegovina
MARKETING II Room: 53 Chair: Wesley J. Johnston
Novel Value Perceptions and Business Opportunities through Packaging Customization Aino Mensonen, VTT, Finland and Jenni Hakola, University of Jyvaskyla, Finland
Strategic Communication in Food Retailing for “Green” Values Oriented Target Groups by Means of the Customer Segment LOHAS Martin Pittner, FHWien University of Applied Sciences, Austria
The Impact of Internet Online Banking Services on Consumers' Perceived Offline Bank Loyalty Shalom Levy, Ariel University Center, Israel
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EBES 2011 Conference Program October 13-15, 2011, Zagreb, Croatia
What Influence the Number of Internet Banking Users in European Countries – The Multiple Regression Analysis Approach Ksenija Dumicic, University of Zagreb, Croatia and Anita Pavkovic, University of Zagreb, Croatia
COFFEE BREAK: 10:20 - 10:30
SESSION II: 10:30 - 12.30
FINANCE II Room: 51 Chair: Sagi Akron
Globalization and Convergence of International Equity Markets Ekaterina Dorodnykh, University of Rome Tor Vergata, Italy
Company Value Creation: Does the Structure of Intellectual Capital Matter? Iuliia Naidenova, Higher School of Economics, Russia and Marina Oskolkova, Higher School of Economics, Russia
Enterprise Financial Stability as a Key Factor of Successful Crisis Consequences Overcoming Konstantin Chernavsky, University of Latvia, Latvia
The Determinants of Corporate Cash Holdings: Evidence from Taiwan Stock Market Fu-Hsiang Huang, Asia University, Taiwan and Hsien-Yi Chen, Asia University, Taiwan
Pecking Order Theory: An Empirical Test of Textile Firms on the Karachi Stock Exchange Yousuf Khan, London South Bank University, United Kingdom
Intellectual Capital Impact on Financial Performance: Industry Effects Olga Abramova, Higher School of Economics, Russia; Maria Molodchik, Higher School of Economics, Russia; and Yana Nursubina, Higher School of Economics, Russia
MANAGEMENT / SME Room: 52 Chair: Shalom Levy
Leadership Succession Factors within Family Business Context Olga Stangej, ISM University of Management and Economics, Lithuania and Vida Skudiene, ISM University of Management and Economics, Lithuania
Paternalism as a Predictor of Preferred Leadership Behaviors: An Analysis of Personal, Follower and Societal Level Influence Ghulam Mustafa, Norwegian School of Economics, Norway and Rune Lines, Norwegian School of Economics, Norway
Financing Problems of SME’s During Banking Crisis and Solution Proposals for Them Burcu Buyuran, University of Gaziantep, Turkey; Mehmet Civan, University of Gaziantep, Turkey; and Gul Buyukahraz, University of Gaziantep, Turkey
Determinants of Capital Structure of Slovenian SMEs: Model Validation and Extension within an Economic Crisis (A Research Note) Barbara Moerec, University of Ljubljana, Slovenia and Matevz Raskovic, University of Ljubljana, Slovenia
Does ERP Deliver What It Promises? Extending the “Perfect Order” Concept to Measure ERP Performance Despoina Brini, TEI Piraeus, Greece and Mara Nikolaidou, Harokopio University of Athens, Greece
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EBES 2011 Conference Program October 13-15, 2011, Zagreb, Croatia
Enterprise Cultural Heritage Management: In Search of Inspiration for Innovation and Sustainability S. Aaltonen, Turku School of Economics, Finland; A. Avramenko, University of Salford, UK; A. Catalani, University of Salford, UK; A. Heinze, University of Salford, UK; C. Kakderi, Aristotelion University of Thessaloniki, Greece; A. Klosova, TIS Praha, Czech Republic; G. Ielpa, IDTECH, Italy; N. Papadopoulou, Aristotelion University of Thessaloniki, Greece; D. deTommaso, Spin, Italy; M. Taylor, University of Salford, UK; E. Vasilieva, University of Salford, UK; and D S. Zygiaris, Aristotelion University of Thessaloniki, Greece
TOURISM & HEALTH ECONOMICS Room: 53 Chair: Selahattin Bekmez
Diagnosing National and Organizational Culture Differences in Turkish Hotel Industry Defne Akdeniz, Okan University, Turkey and Oya Aytemiz Seymen, Balıkesir University, Turkey
Hotels and Camps’ Websites in Istria and Social Networks Ivan Strugar, University of Zagreb, Croatia and Irena Guszak, University of Zagreb, Croatia
The Overall Image of Turkey among Croatian Citizens Durdana Ozretic-Dosen, University of Zagreb, Croatia; Jozo Previsic, University of Zagreb, Croatia; Zoran Krupka, University of Zagreb, Croatia; Vatroslav Škare, University of Zagreb, Croatia; and Tanja Komarac, University of Zagreb, Croatia
A Finite-Time-Horizon Model of Suicide When a Person's Income is at Risk Tomoya Suzuki, Kansai University, Japan
Household Health Expenditure: A Case of Turkey Ahmet Yereli, Hacettepe University, Turkey and Altug Koktas, Ankara University, Turkey
LUNCH: 12:30 - 13:30
KEYNOTE SPEAKER: 13:30 - 14:00 Room: 3
Business between Profitability and Sustainability: Challenges for Tourism Nidzara Osmanagic Bedenik, University of Zagreb, Croatia and Nevenka Cavlek, University of Zagreb, Croatia
SESSION III: 14:15 - 16:00
INVESTMENTS II Room: 51 Chair: Yousuf Khan
Market Anomalies: Sentiment and Returns Claudio Boido, University of Siena, Italy and Antonio Fasano, Universita' di Salerno, Italy
Mutual Fund Flow and Past Information: Is the Brazilian Investor Smart? Gyorgy Varga, FGV – FCE, Brasil
Market Reaction to Seasoned Equity Offerings in Light of the Offering Package Composition Sagi Akron, University of Haifa, Israel
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EBES 2011 Conference Program October 13-15, 2011, Zagreb, Croatia
The Relationship between the Mechanisms of Corporate Governance and Strategic Decisions of the Board of Directors and Its Influence on Performance Jose Augusto Felicio, ISEG/UTL, Portugal and Ricardo Rodrigues, Centre for Management Studies, Portugal
Investors Reaction to the Publication of Substantial Corporate Events Madina Khrustaleva, National Research University, Russia
Intellectual Capital: The Key Value Driver in Knowledge Economy Iuliia Naidenova, Higher School of Economics, Russia and Marina Oskolkova, Higher School of Economics, Russia
EXCHANGE RATES Room: 52 Chair: Taufiq Choudhry
Dollar or Euro: The Exchange Rate Regime in the West African Monetary Zone Kimiko Sugimoto, Osaka Gakuin University, Japan
Early Warning Systems for Currency Crises: A Multivariate Extreme Value Approach Phornchanok Cumperayot, Chulalongkorn University, Thailand and Roy R. P. Kouwenberg, Mahidol University, Thailand
Russian Balance of Payments and Exchange Rate Dynamics: Current Account Reversal Eketerina Krekhovets, Higher School of Economics – Nizhny Novgorod, Russia and Andrey Shulgin, Higher School of Economics – Nizhny Novgorod, Russia
Interest Rate Risk and Its Determinants Effects Peter Harris, New York Institute of Technology, USA
Managing Foreign Exchange Exposure: A Survey Peter Harris, New York Institute of Technology, USA
PUBLIC ECONOMICS Room: 53 Chair: Terhi Maczulskij
The Efficiency of Health Expenditure: Comparative Analysis in the EU Area Ileana-Andreea Semenescu, Bucharest Academy of Economic Studies, Romania; Victor-Cosmin Dragota, Bucharest Academy of Economic Studies, Romania; and Veronica Badea, Bucharest Academy of Economic Studies, Romania
Evaluation of the Action Plan of Combating Shadow Economy and Improving Fair Competition in Latvia Sarmite Jegere, RTTEMA, Latvia
Electricity Reform, Demand Elasticity and Electricity Tariff in Turkey Murat Cetinkaya, Turkish Competition Authority, Turkey; Alparslan Basaran, Hacettepe University, Turkey; Necmiddin Bagdadioglu, Hacettepe University, Turkey; and Ahmet Yereli, Hacettepe University, Turkey
Analysis of Operator Choice and Subscriber Characteristics in the Turkish Mobile Telecommunications Market Alparslan Basaran, Hacettepe University, Turkey; Murat Cetinkaya, Turkish Competition Authority, Turkey; and Necmiddin Bagdadioglu, Hacettepe University, Turkey
The Comparison of the Balance of Military Power in Atlantic-Ural Countries Ebru Ozgur Guler, Cukurova University, Turkey and Huseyin Guler, Cukurova University, Turkey
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EBES 2011 Conference Program October 13-15, 2011, Zagreb, Croatia
Public versus Private Sector Job Satisfaction Lutz Kaiser, FHOV NRW, IZA, DIW, Germany
GALA DINNER: 19:30 - 22:30
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